Dozens of jobs lost as steel firm goes into administration

A steel firm based in Birkenhead docks has closed with the loss of dozens of jobs after going into administration.

Atlantic Steel Processing called in administrators after suffering a slump in sales and after an attempt to sell the company failed. Most of its 41 employees have now lost their jobs after the businesses closed.

Atlantic Steel Processing was founded in 2001 to supply steel products to the UK and Ireland. He specialized in steel rolling – taking rolled steel delivered to Birkenhead and rolling and pressing it into flat sheets so that it could be used in industry.

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The company claimed to be the only steel processor of its kind in a port with direct access to a quay and boasted the “world’s widest coiling line” at its base in Vittoria Dock, Duke Street, Birkenhead.

Richard Goodall and Martyn Rickels, of specialist business advisory firm FRP Advisory, have been appointed as joint administrators.

They said: “The company experienced difficult trading conditions, mainly due to a reduction in demand, which led to cash flow difficulties and affected its ability to operate.”

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